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Avic Heavy Machinery Co (SHSE:600765) EBIT : ¥1,750 Mil (TTM As of Mar. 2024)


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What is Avic Heavy Machinery Co EBIT?

Avic Heavy Machinery Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was ¥415 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was ¥1,750 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Avic Heavy Machinery Co's annualized ROC % for the quarter that ended in Mar. 2024 was 13.23%. Avic Heavy Machinery Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 25.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Avic Heavy Machinery Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.25%.


Avic Heavy Machinery Co EBIT Historical Data

The historical data trend for Avic Heavy Machinery Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Avic Heavy Machinery Co EBIT Chart

Avic Heavy Machinery Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 555.83 647.24 1,262.41 1,625.63 1,695.52

Avic Heavy Machinery Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 360.11 630.83 339.99 364.59 414.51

Competitive Comparison of Avic Heavy Machinery Co's EBIT

For the Specialty Industrial Machinery subindustry, Avic Heavy Machinery Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Avic Heavy Machinery Co's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Avic Heavy Machinery Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Avic Heavy Machinery Co's EV-to-EBIT falls into.



Avic Heavy Machinery Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥1,750 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Avic Heavy Machinery Co  (SHSE:600765) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Avic Heavy Machinery Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1948.496 * ( 1 - 14.09% )/( (12375.03 + 12922.599)/ 2 )
=1673.9529136/12648.8145
=13.23 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=25429.356 - 7862.609 - ( 5191.717 - max(0, 10623.295 - 17835.16+5191.717))
=12375.03

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=25851.238 - 8129.528 - ( 4799.111 - max(0, 10556.696 - 18272.894+4799.111))
=12922.599

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Avic Heavy Machinery Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1658.04/( ( (5554.243 + max(245.956, 0)) + (5544.312 + max(1419.144, 0)) )/ 2 )
=1658.04/( ( 5800.199 + 6963.456 )/ 2 )
=1658.04/6381.8275
=25.98 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5647.484 + 3721.047 + 133.464) - (7862.609 + 0 + 1393.43)
=245.956

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6935.372 + 3577.15 + 140.2) - (8129.528 + 0 + 1104.05)
=1419.144

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Avic Heavy Machinery Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1749.925/27994.498
=6.25 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Avic Heavy Machinery Co EBIT Related Terms

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Avic Heavy Machinery Co (SHSE:600765) Business Description

Traded in Other Exchanges
N/A
Address
No. 501, Beitun Road, Xintian Village, Wudang District, Guizhou Province, Guiyang, CHN, 550018
Avic Heavy Machinery Co Ltd is a China-based company engaged in the development, production, and sale of both military and civilian-used high-end equipment. It manufactures hydraulic parts, hydraulic systems, forging products, heat exchangers and gas turbines in China. The company operates in the business areas of Forging business, Hydraulic business, and New energy business. In the Forging business, the company mainly produces die forgings, free forgings, isothermal forgings and rings of different materials. In Hydraulic business, the main products are various types of heat exchangers, high-speed rotating machinery (turbine, pumps, fans), oil tanks, cooling devices, high-temperature insulation components.
Executives
Li Yang senior management
Hu Ling Hong Directors, senior managers
Ji Sheng Li senior management
Zhang Zheng Yuan senior management
Mao Yuan Supervisors
Ran Xing Director
Wang Zhi Hong senior management
Qiao Kun senior management
Liu Zhong Wen senior management
Sun Ji Bing senior management
Li Xue Qin Director
Jiang Chao Director
Ji Su Chun senior management
Huang Yun Director
Hu Hai Yin senior management

Avic Heavy Machinery Co (SHSE:600765) Headlines

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